Risk Factors Update Summary
- Added acquisition financing of $31 million and $8 million, impacting future acquisitions and cash flow.
- Change from LIBOR to SOFR for interest rates, with a 100 basis point increase costing $1.4 million.
- Increase in fixed maturities from $36 million to $37 million, affecting investment liquidity.
- Equity investments decreased from $1.0 million to $0.8 million, impacting investment portfolio.
- Identified material weaknesses in internal controls related to debt accounting and cash flow presentation.
- Change in subsidiaries from SNS to DDI, impacting strategic restructuring efforts.
- Potential liability due to cybersecurity incidents affecting operations and cash flows.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1072627&owner=exclude
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